India's banking LiquidityIn price-action language, liquidity is the cluster of orders and stops around obvious highs, lows, and equal levels. It can attract price before the next move.Read More surplus fell 55% as RBI bond sales and FX SwapsDefinition
Swaps are contracts or financing arrangements that exchange cash flows or exposures between parties. The exact meaning depends on context: it can refer to interest...Read More drained excess cash while markets increased October rate-hike bets.
India's banking-system liquidity surplus fell 55% to 4.92 trillion rupees on Monday from a record 11.16 trillion rupees about two weeks earlier, as the Reserve Bank of India used bond sales, foreign-ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More swaps and rupee-SupportAn area where buyers have previously absorbed enough selling to slow or reverse a fall. It is a zone of interest, not an invisible floor.Read More operations to drain excess cash. Reuters reported the RBI sold 750 billion rupees of bonds over the past week and planned another 250 billion-rupee sale. Three traders estimated FX swaps of about $1 billion a day over the previous 10 sessions as markets increased bets on an October rate increase.
